Economic Growth Is Difficult for Poor Countries Because

question 226

Multiple Choice

Economic growth is difficult for poor countries because

• A)governments must fund capital production and research out of tax revenues.
• B)resources must be taken away from consumer goods to pay for technology.
• C)resources must be taken away from consumer goods to pay for capital goods.
• D)those wealthy enough to invest in domestic industries may choose to invest abroad instead.
• E)All of the choices are true.

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Definitions:

Installment Contract

An agreement where payment is made in parts over a period, typically for real estate or high-value items, until the total price is paid in full.

Substantial Impairment

A legal concept referring to a significant decrease in the value or function of something, often related to contractual performance or property condition.

Commercial Impracticability

A doctrine under contract law that excuses a party from performance of the contract when unforeseen events make the fulfillment extremely difficult or expensive.

Florist

A professional or business that arranges and sells flowers and ornamental plants.